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    6505 Ej Oliver Blvd Fairfield, AL 35064-1825
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    Property profile & analytics

    6505 Ej Oliver Blvd, Fairfield, AL 35064-1825

    View on Map
    • Sports & entertainment properties
    • 31,269 SF
    • 3.42 lot acres
    Off-Market
    Last Sale Jun 24, 2024
    Property ID
    US03-1264547
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • High Roller Bingo / Bingo Hall
    • ATM / Atm

    Property Details for 6505 Ej Oliver Blvd

    Year built
    2007
    Lot size
    3.42 lot acres
    Zone code
    B2
    Property type
    Sports & entertainment properties
    APN
    30-00-13-2-030-022.002
    APU
    3000132030022002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 24, 2024 $650,000 Foundations Early Learning And Fami Skate Palace INC Warranty Deed —
    Mar 22, 2019 $1,300,173 Susbar INC Tr Synovus Bk|pf Interests LLC Trust Deed —
    Apr 20, 2018 — Pf Interests LLC — Deed · related —
    Jan 13, 2017 — Pf Interests LLC — Deed · related $1M · Private Individual
    Dec 19, 2016 $225,000 Pf Interests LLC Air Shopping Center Group LLC Warranty Deed —
    Sep 22, 2009 — Skate Palace INC Owner Name Unavailable Grant Deed · related —
    Mar 3, 2006 $1,000,000 Skate Palace INC Carter,phillip Warranty Deed $1M · Union St Bk/west Salem
    Jul 6, 2005 $275,000 Carter,phillip City Of Fairfield Alabama Warranty Deed $275k · Miscellaneous Govt Agcy

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $574,000
      Market price range: $501k - $2.00M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9174
    Latitude
    33.4737
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $19,713
    $38,740
    $278,700
    $317,440
    -
    $193,700
    $1,393,500
    $1,587,200

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      8,084 SF

      6556 Aaron Aronov Dr

      RECREATIONAL, ENTERTAINMENT
      6556 Aaron Aronov Dr, Fairfield, AL 35064-1823
      View Details
    • Value Estimation by Request
      0.15 Acres

      5708 Ave E Ave

      VACANT COMMERCIAL LAND
      5708 Ave E Ave, Fairfield, AL 35064-2059
      View Details
    • Value Estimation by Request
      3.78 Acres

      1350 Watco Way

      COMMERCIAL (GENERAL)
      1350 Watco Way, Fairfield, AL 35064-2080
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    • Value Estimation by Request
      0.15 Acres

      Fairfield, AL 35064

      VACANT COMMERCIAL LAND
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      View Details
    • Value Estimation by Request
      0.04 Acres

      6631 10th Ct

      VACANT COMMERCIAL LAND
      6631 10th Ct, Fairfield, AL 35064-1133
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,180 SF

      Retail Space on Aaron Aronov

      Retail space in Fairfield's main retail corridor.
      7100 Aaron Aronov Dr, Fairfield, AL 35064
      View Details
    • $55,000
      0.79 Acres

      Fairfield Land for Residential Development

      Large lot suitable for residential development in Fairfield, Alabama.
      6599 Seminole Cir, Fairfield, AL 35064
      View Details
    • Contact for pricing
      0.11 Acres

      Fairfield Office Building For Lease

      Former Bank, High Visibility, Great Location
      7205 Aaron Aronov Dr, Fairfield, AL 35064
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    • $165,000
      0.09 Acres

      Fairfield Retail Property - Dual Units

      Two Brick Buildings, Ideal for Retail
      5108 Gary Ave, Fairfield, AL 35064
      View Details
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    Fairfield, AL 35064-1825
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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